Investment Corporation of Dubai expected to launch raft of IPOs to monetize holdings, while mining companies say Saudi mineral wealth will take years to develop
Here’s a look at today's biggest tech stories in the MENA+:
- US watchdog clears Cerebras' IPO path following concerns overreliance on G42
- Investment Corporation of Dubai expected to launch raft of IPOs to monetize holdings
- EU antitrust regulators to decide on Adnoc $17B takeover of Covestro by May 12
- Abu Dhabi economy grows 3.8% in 2024 to all-time high of $330B
- UAE AV solutions company Autogo launches Abu Dhabi robotaxi trials
- Mining companies say Saudi mineral wealth will take years to develop
- Low-cost carrier Flynas gets Saudi IPO approval
- Saudi Jameel Motors expands to South Africa, to distribute China’s Changan vehicles
- Saudi Falak space research mission launches successfully
- SDAIA's national access portal has digitized 3.3B transactions
- InstaPay introduces 0.1% transfer fee, inquiries fees
- Govt to begin implementing Export Subsidy Program in July
- EU parliament approves second $4.3B funding tranche for Egypt
- Samsung execs meet Investment Minister, to broaden local operations
- Egypt, Chinese firms exploring waste management, refuse-derived fuel investments
- Finance Minister to prioritize cutting tax burden
- Pakistan now among top crypto adopters with 20M users
- Quarterly retail payments cross 2B mark for first time, as Raast payment transactions jump 50%
- Tax body misses March target by $360M, as IMF slashes FY25 tax collection target
- Bangladesh, Pakistan, Sri Lanka stock exchanges sign collaboration agreement
Other MENA+ Developments
- US President Trump to visit UAE, Saudi Arabia, Qatar for first foreign trip
- e&'s Maroc Telecom ends dispute with Inwi, to collaborate on network upgrading, expansion
- Starlink gets approval for Oman retail, commercial satellite internet operations
- IHC to buy stake in Indian snacks major Haldiram to support overseas expansion
- Damac’s Edgnex Data Centers acquires Hyperco to expand into Nordics
Southeast Asia Developments
- Ridehailing superapp Grab obtains Singapore taxi license
- Qualcomm buys Vingroup's healthcare GenAI arm
- Taiwan's UMC opens $5B chip fab in Singapore
- Thailand sees $7-8B hit from US tariffs
- Chinese EV makers eat away at Japanese dominance of Indonesian auto market
India Developments
- China calls for more trade collaboration, ready to import more Indian products
- March factory activity expands at fastest pace in eight months
- AI mission GPU bidders to get workloads assigned by mid-April
- Court rules Google Play Store billing policy is anti-competitive
- Govt open to removing all laptop import restrictions if companies meet PLI commitments
